Koo, India’s Twitter alternative, lays off 30% of workforce: Report

Indian microblogging platform Koo has terminated almost a third of its employees due to financial losses and difficulty in raising funds. Koo, which has been vying with Twitter for market share in India, let go of around 30 per cent of its staff, consisting of approximately 260 workers, as it struggles with proving unit economics.

In a statement to Bloomberg News, a spokesperson for Koo said, "the global sentiment right now is more focused on efficiency than growth and businesses need to work toward proving unit economics."

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